Assembling Property Portfolio for Yield-Seeking Investors

A Greek consortium approached us for help in designing and implementing a real-estate acquisition program in the United States. The focus was quality multi-family properties able to produce above-average long-term income; the objective was to meet the needs of a buy-and-hold strategy. Our mandate included finding competitive lending sources suitable for an overseas entity—one without a US domestic banking record—given that most major banks were not a realistic alternative at the time.

Solution. We developed a proprietary demographic model for evaluating property locations nationwide, worked with counsel to set up a tax-efficient legal structure, and assembled professional service providers for acquisition expediency. Our efforts included due diligence on the properties, identifying and resolving potential acquisition problems. We acted as the domestic ombudsman for our client on a wrap-around basis.

Capital Structure. We worked to identify the most competitive sources of capital for the overseas group, ensuring know-your-client criteria were smoothly met. The consortium had no heritage in the commercial mortgage business in America. Part of our responsibility was to structure bank introductions and manage the early stages of the bank relationships, meeting with financial entities on our client’s behalf. We partnered with our client in developing an optimal capital structure.

Follow-Through. We closed on two properties: one on the Eastern Seaboard and another in the Midwest. We advocated for our client in other negotiations nationwide. In tandem with these efforts, our client built a boutique wealth-management organization in an offshore location to prepare to access the US market on a recurring basis. ■

Note: This work was completed by our principal at a now-dormant firm. The featured image depicts St. Louis, Missouri, one of the target real-estate markets for the project.

Banner Image: Digidreamgrafix at Can Stock Photo Inc.

Cranganore in Greece

We assist investor groups in identifying suitable deals worldwide for their public- and private-sector portfolios. Our most effective consulting ties are often with seasoned investors, especially those based in volatile economies.

Those who venture afar may pinpoint lucrative risk-management opportunities. We profile requirements and identify deals, both in the US and elsewhere. By aligning our skills with your needs, we limit potential conflicts of interest.

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We have worked with public corporations and sovereign wealth funds, as well as startup founders and venture capitalists. Our most dynamic client relationships often begin with smaller, early-stage assignments.

Arrange a conversation today. We would like to schedule an introductory call to learn about your requirements and submit a project sketch. Our business affairs are conducted with the highest standards of discretion.

Meet Our Founder

Cranganore was built to provide entrepreneurs and allocators with a better choice for handcrafted requirements than offered by the largest Wall Street firms. The company traces its roots to Manhattan, but it migrated to Miami in 2015.

Go to LinkedIn. Our managing director is Douglas Johnson, a career-long industry veteran. Between meetings in London and Tokyo, he can be found in the cafes of Istanbul or Kolkata.

Explore his blog. In an interview, Douglas was asked about changes in the financial-services industry since the credit crisis: "Investment projects now demand the strength of an ironsmith because of the challenges faced by the global economy."

Headquarters Location

"Wall Street South" is an apt metaphor for our neighborhood. Let us know if you plan to visitthe greater Miami area.

We Align Risk

We devote our energies to a select group of high-quality deals, often in association with regulated financial institutions. Background on these transactions is available to qualified names in consultation with executive management.

Access our deal book. We engage family offices, corporate investors, and private foundations. In some cases, discussions about specific deals may be conducted in tandem wtih a licensed securities affiliate in your home jurisdiction.